Fed gives big U.S. banks a green light for buyback, dividend plans

WASHINGTON/NEW YORK (Reuters) - The Federal Reserve has approved plans from the 34 largest U.S. banks to use extra capital for stock buybacks, dividends and other purposes beyond being a cushion against catastrophe.

WASHINGTON/NEW YORK (Reuters) - The Federal Reserve has approved plans from the 34 largest U.S. banks to use extra capital for stock buybacks, dividends and other purposes beyond being a cushion against catastrophe.